Dec 21st 2012 10:00AM
By Paul Ausick We have two data points on the U.S. housing market this morning. The National Association of Realtors reports that the seasonally adjusted annual rate of existing home sales in November rose 5.9 percent to 5.04 million from a downwardly revised total of 4.76 million in October. Sales are up 14.5 percent... Continue Reading »
Mar 1st 2012 11:38AM
Fannie Mae waded further into the foreclosure pool on Monday as it released new details on its plan to sell its repossessed homes as rental properties. The pilot program, first announced in August as an effort to clear the mortgage giant's backlog of foreclosures, is launching with an initial offering of 2,490 residential... Continue Reading »
Feb 22nd 2012 10:05AM
WASHINGTON -- The government regulator for Fannie Mae and Freddie Mac has submitted a plan to Congress that would shrink the mortgage giants' roles in the housing market. The Federal Housing Finance Agency's proposal for a leaner Fannie and Freddie was released Tuesday and would mean fewer mortgages are backed by the... Continue Reading »
Feb 15th 2012 1:51PM
With an estimated 3.6 million more foreclosures expected over the next two years, the government-backed mortgage giants have a proposition for you: How'd you like to take a couple (hundred) homes off their hands? In a recently announced program, the Federal Housing Finance Agency, which regulates the quasi-government... Continue Reading »
Dec 21st 2011 10:00AM
SAN FRANCISCO -- California's attorney general filed lawsuits against mortgage giants Fannie Mae and Freddie Mac on Tuesday, demanding that the companies that own some 60 percent of the state's mortgages respond to questions in a state investigation. Attorney General Kamala Harris, whose office filed the lawsuits in San... Continue Reading »
